GeM shines on the global stage with World Procurement Award for Digital Procurement Transformation and Innovative Product Award

GeM (Government e-Marketplace) is a component of the Government of India's Digital India initiative, which was introduced in 2015. By encouraging the use of digital technology in various sectors such as government services, education, healthcare, and agriculture, Digital India aims to transform India into a digitally empowered society and knowledge economy.

One of Digital India's primary goals is to make government services more accessible, transparent, and efficient for people. GeM contributes significantly to this goal by offering an open, quick, and cost-effective procurement method for agencies and departments in the government.

GeM and Digital India hope to increase openness, lower the cost of transactions, and promote local manufacturing and entrepreneurship by encouraging e-commerce and digitization in government procurement. Overall, GeM and Digital India want to make government procurement more effective and transparent, benefiting both buyers and suppliers.

GeM (Government e-Marketplace) received two coveted World Procurement Awards in 2020. The first award was for "Digital Procurement Revolution" and the second award was for the "Innovative Product Award".

The World Procurement Awards are among the most prestigious worldwide procurement awards. The awards recognize and celebrate the world's most innovative and successful procurement practices and projects.

The award for "Digital Procurement Transformation" acknowledges GeM's efforts in using digital technology to transform government procurement in India. GeM has used digital technology to develop a transparent and efficient procurement system, making it simpler for government departments and agencies to obtain goods and services from verified suppliers.

GeM's innovative procurement strategy has allowed government departments and agencies to purchase a wide range of products and services, including products, office furniture, vehicles, furnishings, security items, and technical services such as consulting and training.

These awards show GeM's success in supporting government procurement transparency, efficiency, and cost-effectiveness. GeM has played a significant role in promoting e-commerce and digitization in government procurement in India, and its global success is a testament to its innovative and effective procurement strategy.

GeM (Government e-Marketplace) is an excellent example of how technological innovation can revolutionize conventional procurement systems. GeM has used digital technology to develop a transparent and efficient procurement system, making it simpler for government departments and agencies to obtain goods and services from verified suppliers.

GeM has implemented several novel features to encourage technological ingenuity in government procurement. GeM's e-bidding and reverse auction method, which allows suppliers to bid for contracts online, is a key feature. This method encourages competition and helps government departments and agencies cut expenses.

GeM also analyses procurement data using data analytics and artificial intelligence (AI) to provide insights into buying trends and patterns. This enables government departments and agencies to make more informed procurement choices and improve their total procurement performance.

 

GeM's One-Click Registration element, which streamlines the registration procedure for suppliers, is another innovative feature. This feature enables suppliers to register on the GeM platform with minimal information and paperwork, making it simpler for SMEs to participate in government procurement.

Overall, GeM has demonstrated how technological innovation can transform conventional procurement systems into more open, efficient, and cost-effective systems. GeM has developed a procurement system that helps both government agencies and departments as well as suppliers by leveraging internet devices and promoting e-commerce.

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